Diamond Engagement Ring - Paris Hilton Auctions Off Engagement Ring

Wednesday, November 2 2005 at 09:40

Paris Hilton auctioned off her $5-million engagement ring to help the Hurricane Katrina victims.

The 24-carat diamond engagement ring was sold for less than half the price that Paris Latsis paid.

Hilton, 24, and Latsis, 26, split up earlier this month. Hilton claimed she wasn’t ready for marriage.

Us Weekly reported a statement by Hilton saying, “I’m sad to announce that I’ve called off my engagement. Over the past couple of months I’ve realized that this is the right decision for me. We remain best of friends, and I’ll always love him. I hope people will respect my privacy during this emotional time.”

Find out more about Paris Hilton's diamond engagement ring at http://www.andpop.com/article/5038.